Both add heat. Are you derating because of temperature outside or because of total run of wires in conduit? If you have 75 degree terminations but 90° wire so derate to 75 you don't need to derate more becuase the middle of the run has a full boat of wire in conduit or becuase of insulation. If the whole run termination to termination is needing derate and it's also a continuous load it might be good to give yourself some breathing room.